Nearly half of North Americans open to robo-advice
Nearly half of North American bank customers are open to ditching human expertise for automated, computer-generated advice and services. Read more: www.finextra.com
Small business loan platform Bizfi picks up $20m financing
New York-based Metropolitan Equity has backed financial technology company Bizfi with a $20m growth equity investment.
Axis Bank launches innovation lab to partner with FinTech startups
Axis Bank launches innovation lab to partner with fintech start-ups. Read more: www.business-standard.com
How big banks can stop FinTech upstarts from getting your money
Traditional banking companies are under attack from well-funded upstarts. Here’s how banks can win the battle. Read more: www.marketwatch.com
General Atlantic joins PE peers as Insurity investor
Global private equity firm General Atlantic has backed insurance technology company Insurity with an undisclosed investment.
The firm joins TA Associates and Genstar Capital as...
Siemens establishes €1bn Next47 super fund for startups
German tech and engineering powerhouse Siemens is to invest $1bn in a new start-up accelerator called Next47 focused on disruptive ideas. Read more: www.siliconrepublic.com
Avoka eyes international expansion thanks to $12m funding
Financial services-focused online form software business Avoka has picked up $12m of investment to expand out from its Australia and London bases.
LendingKart looks to future with $32m Series B investment
Bertelsmann India Investments has led a $32m Series B round in Indian lending platform Lendingkart Group.
China hinted it could increase FinTech regulation
Fintech companies in China could soon face some more hurdles. Read more: uk.businessinsider.com
Bee flies past Fund II target with $30m-plus final close
Pre-seed investor Bee Partners has held an oversubscribed final close for its second fund on more than $30m.